FLSmidth order book at Euro 804.1m

08 December 2005

The order book of Danish engineering and cement group FLSmidth has reached a record-high volume of some 6.0 bln Danish crowns (Euro 804.1m), the group’s managing director, Joergen Huno, said on December 7, 2005. At the end of the third quarter of 2005, the order book was 31 per cent higher than a year earlier. The group expects to maintain the present high order level also in 2006.

FLSmidth also said it had signed a 1.4 bln crown (US$219.4m) contract with Emirates Cement Company (EMCC) to supply a complete cement plant with an annual capacity of 3Mta of cement. The plant is to be built in the Fujairah emirate, in the United Arab Emirates (UAE). The plant is expected to come on stream by the end of 2007 and will be built in co-operation with EMCC’s owner, Egyptian-based international building contractor Orascom Construction Industries (OCI), with whom FLSmidth has already successfully undertaken similar projects in Algeria and Libya.